Opertunities in Islamic Insurance
From HodHood
Contents
Top 20 FREQUENT WORDS
takaful 32 fund 19 waqf 17 participant 11 operational 10 profit 8 surplus 8 investment 7 model 7 wakala 7 based 6 expenses 6 profits 6 shareholders 6 operator 5 business 4 policyholders 4 attributable 3 funds 3 management 3 mudharabah 3 paid 3 waqif 3
DOCUMENT KEY POINTS
- presented by m vaqaruddin ceo pak qatar general takaful ltd
- karachi
- mudharabah based takaful a c in this model a clear distinction is made between the business of takaful or insurance and the business of investing funds mobilized from policyholders and or the shareholders
- wakala based takaful a c in the wakala based model the takaful operator acts as the wakil or agent of the policyholders
- it incurs all the operational expenses on behalf of its principal
- a c the waqif can put conditions at the time of waqf
- a c waqf charity religious endowment testamentary bequest of real estate
- wakala waqf based takaful a c some of the shariah scholars have critically analyzed the wakala system and have suggested to incorporate the concept of waqf into the wakala model
Please note, This is an auto generated summary based on sentances position in the document and other factors
DOCUMENT WORD ANALYSIS
Main Category
- AlHuda Material\takaful
KeyWords
taka islam insur malaysia productdeferred shariah countries muslim financial retakaful model growth custom partner developed service mutual bankable provided scheme
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DOCUMENT REFERENCES
Number of Pages
9
Published Date
2016-09-17 01:18:35
